Tehran has filed a lawsuit against Washington because of the sanctions
Tehran has filed a lawsuit against Washington because of the sanctions
Mike Pompeo rejects EU appeal for exemptions in sanctions against Iran
21 July, 2018, 15:27
Earlier this month, the United States said that the goal was to get as many countries as possible down to zero Iranian oil imports and it has repeatedly said it could potentially also target countries that kept doing business with Iran.
Mnuchin was talking to reporters en route from Mexico where he was part of a high-level U.S. delegation led by Secretary of State Mike Pompeo to meet Mexico´s next president, Andres Manuel Lopez Obrador.
Trump withdrew the us from the nuclear agreement in May, saying that old approvals would be set up back and that the U.S "will be instituting the highest level of economic sanction".
Abbas Araqchi, the deputy foreign minister of Iran stated that in the wake of the United States withdrawal from the Iran Nuclear Deal, the implications of it on Iran and India relations formed the baseline of the discussions held in New Delhi.
Billingslea's visit follows close on the heels of the visit by Iran's Araghchi, who had expressed the view that there was a stronger possibility for India to insulate its ties with Iran this time given that European countries were also opposed to the USA imposing sanctions on Tehran.
Iran has been in constant touch with the remaining five signatory states, Russia, China, UK, France, and Germany, to guarantee to safeguard Iranian interests under the deal.
According to the WSJ, the officials said other European governments, including Austria and Sweden, have also said they would consider doing likewise. Indian side conveyed to the U.S. delegation certain facts on the ground.
"We've said very specifically, there's no blanket waivers, there's no grandfathering", Mnuchin said. "We want to be very careful in the wind-down around the energy markets to make sure that people have the time".
Mr Brian Hook, the US State Department's director for policy planning, said the government is working to minimize disruptions to the global market and the US is "confident that there is sufficient global spare oil production capacity".
French finance minister Bruno Le Maire said over the weekend that Washington had rejected a French request for waivers for its companies operating in Iran, according to Le Figaro.
The report further added that many other Chinese companies were also planning to limit their oil imports from the U.S. in favor of bigger purchases from Iran.
Iran, in return, would need to implement legislation to meet anti-money-laundering standards set by an worldwide watchdog, the Financial Action Task Force (FATF), the officials said.
"What they've asked us to do is review how we get there and the timeline for that", he said.
"It would be very hard, if not impossible to stand up to the United States sanctions".
The US president also said that he planned to reinstate US nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic.
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